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European stainless crude steel production up slightly in May

According to a report released by German-based service center Damstahl, Europe’s stainless crude steel production totaled 710,00 tons in June, increasing by 1% year on year.

In the given period of time, the stainless steel production in Sweden increased by 6%; that in Slovenia increased by 2% and that in Germany dropped by 20%,all compared to the figures in the same period of a year ago.

According to the report, the demand for stainless steel has been satisfied in Q1 and demand of stainless steel from end users remained strong Q2 this year.

Damsthal indicated that European cold-rolled market actual demand is expected to rise by 3-4 % this year.